Housing costs in Farmington?
A typical home costs
$320,700, which is 5.1% less expensive than the national average of
$338,100 and 23.9% less expensive than the average New Hampshire home, at
$421,300. Renting a two-bedroom unit in Farmington costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,520.
Can I afford Farmington?
To live comfortably in Farmington (zip 03835), New Hampshire, a minimum annual income of
$61,560 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Farmington?
The cost of living in 03835 Farmington, NH is quite reasonable compared to other cities and towns in the New England area. The median home cost in this zip code is around $163,000, which is significantly lower than the national average. Rent is also fairly low with a one-bedroom apartment renting for around $700 per month on average. Taxes are fairly high, with an income tax rate of 7-8%, but overall the cost of living in this small town is quite affordable. Groceries and other household items are all reasonably priced as well, making Farmington a great place to call home for those who want to enjoy a rural lifestyle without breaking the bank.